Amba Auto Sales & Services to Launch Initial Public Offering Next Week, Prices Set at Rs 130-135 per Share

Amba Auto Sales & Services to Launch IPO Next Week

Bangalore-based Amba Auto Sales & Services, an authorised dealer of Bajaj Auto and LG Electronics India, is set to launch its initial public offering (IPO) for public subscription next week on April 27. The offer will close on April 29. The company aims to raise Rs 65.12 crore via an initial public offering (IPO) of 48.24 lakh shares at the upper price band of Rs 135 per share.

The company operates under the brand names Amba Bajaj and Amba LG Best Shop for Bajaj Auto and LG Electronics India, respectively. It functions as an automotive retail value chain, including sales of new vehicles, after-sales service and repairs, and facilitation of the sale of third-party financial and insurance products. Amba Auto Sales & Services currently has a total of 28 showrooms and service centres, along with a godown on a lease rental model.

The company plans to utilise Rs 6.3 crore of the IPO proceeds on setting up new showrooms and renovating existing ones. Specifically, Rs 5.57 crore will be used to establish seven new showrooms in Bangalore. The proposed showrooms will include three dedicated two-wheeler showrooms and four three-wheeler showrooms. Additionally, Rs 43 crore will be used for working capital requirements, and the remaining funds will be used for general corporate purposes.

Read also: IPO Pipeline Sees Repeat Names as JM Financial, IIFL Capital Dominate League Tables

Amba Auto Sales & Services has shown strong financial performance in recent years. For the nine-month period ended December 2025, the company recorded a profit of Rs 12.1 crore and revenue of Rs 203.7 crore. In fiscal 2025, the company's profit grew 169.4 percent to Rs 7.8 crore, while revenue rose 14.7 percent to Rs 242.4 crore compared to the previous year.

The IPO share allotment will be finalised by April 30, while Amba Auto Sales shares will be available for trading on the NSE Emerge effective May 5. Capitalsquare Advisors is acting as the merchant banker for the Amba Auto Sales & Services IPO.